| Population |
66,720,153 (July 2011 est.) |
| Gross Domestic Product (GDP) |
$586.9 billion (2010 est.) |
| GDP Per Capita |
$8,700 (2010 est.) |
| Inflation Rate |
3.3% (2010 est.) |
| Currency |
Bath |
| Exchange Rate Versus U.S. Dollar |
31.663 (2010) baht per US dollar - |
| Language |
Thai, English (secondary language of the elite), ethnic and regional dialects |
| Capital |
BANGKOK |
| Population of Capital City |
6.902 million (2009) |
| Time Zone |
UTC/GMT +7 hours |
| Seasons |
tropical; rainy, warm, cloudy southwest monsoon (mid-May to September); dry, cool northeast monsoon (November to mid-March); southern isthmus always hot and humid |
| International Dialing Code |
66 |
| Electricity |
220V, 50Hz |
| System of Government |
civil law system with common law influences |
| Name and Party Affiliation of Current Leader |
chief of state: King PHUMIPHON Adunyadet, also spelled BHUMIBOL Adulyadej (since 9 June 1946) |
| Income Tax Rate for Residents |
Residents are liable to tax on their worlwide income at progressive rates, from 0%-37% |
| Property Tax |
Owner occupied and uninhabited dwellings pay no property tax. Rented properties are taxed 12.5% of the assessed annual rental value of the property. |
| Capital Gains Tax |
Capital gains are exempt from personal income tax if the shares sold are of a public company registered on the stock exchange of Thailand. Otherwise, gains are subject to the normal progressive personal income tax rates. |
| Inheritance Tax |
no |
| Rental Income Tax |
progressive rates from 10% to 37% |
| Transfer Tax |
0.10% |
| Sales Tax |
7% |
| Restrictions on Foreign Ownership of Property |
Thailand land law generally prohoibits foreigners from owning freehold land in Thailand |
| Local Chamber of Commerce |
http://www.thaiechamber.com/ |
| American Chamber of Commerce |
http://www.amchamthailand.com/acct/asp/default.asp |
| Primary Exports |
|
| Residency and Visa Requirements |
Citizens of United States entering Thailand by air will be granted a 30 day stay. Those entering Thailand by land land will be granted a 15 day stay. |
| Special Benefits for Foreign Residents or Retirees |
Obtaining a Permanent Residence Permit also known as Residence Visa/Permanent Visa will allow you to stay in Thailand permanently without the need for a Visa |
| National Airline |
www.thaiairways.com |
